iShares Morningstar Small-Cap Growth ETF (NYSEARCA:ISCG) Reaches New 52-Week High – Should You Buy?

Shares of iShares Morningstar Small-Cap Growth ETF (NYSEARCA:ISCG) hit a new 52-week high on Monday . The company traded as high as $58.70 and last traded at $58.60, with a volume of 7688 shares changing hands. The stock had previously closed at $58.47.

iShares Morningstar Small-Cap Growth ETF Price Performance

The company has a market capitalization of $865.68 million, a P/E ratio of 26.03 and a beta of 1.10. The stock’s fifty day simple moving average is $55.59 and its 200-day simple moving average is $53.80.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Certified Advisory Corp raised its holdings in iShares Morningstar Small-Cap Growth ETF by 2.9% in the 4th quarter. Certified Advisory Corp now owns 76,776 shares of the company’s stock valued at $4,258,000 after acquiring an additional 2,136 shares in the last quarter. Asempa Wealth Advisors bought a new stake in shares of iShares Morningstar Small-Cap Growth ETF in the 4th quarter worth about $240,000. Opes Wealth Management LLC increased its holdings in shares of iShares Morningstar Small-Cap Growth ETF by 0.7% during the third quarter. Opes Wealth Management LLC now owns 128,013 shares of the company’s stock worth $6,952,000 after buying an additional 944 shares in the last quarter. Advisory Services Network LLC bought a new position in iShares Morningstar Small-Cap Growth ETF in the 3rd quarter valued at $206,000. Finally, Opulen Financial Group LLC acquired a new position in iShares Morningstar Small-Cap Growth ETF during the 3rd quarter worth about $218,000.

About iShares Morningstar Small-Cap Growth ETF

The iShares Morningstar Small-Cap Growth ETF (ISCG) is an exchange-traded fund that mostly invests in small-cap stocks. The fund tracks a market-cap-weighted index of US small-cap growth stocks. The index selects stocks from 90-99.5% of market cap that fall into Morningstar’s growth style categorization. ISCG was launched on Jun 28, 2004 and is managed by BlackRock.